Paramount lowers first half 2023 average sales volumes guidance due to wildfires
Advertisement
Read this article for free:
or
Already have an account? Log in here »
We need your support!
Local journalism needs your support!
As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed.
Now, more than ever, we need your support.
Starting at $15.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website.
Subscribe Nowor call circulation directly at (204) 727-0527.
Your pledge helps to ensure we provide the news that matters most to your community!
To continue reading, please subscribe:
Add Brandon Sun access to your Free Press subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on brandonsun.com
- Read the Brandon Sun E-Edition, our digital replica newspaper
*Your next Free Press subscription payment will increase by $1.00 and you will be charged $20.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 04/07/2023 (1171 days ago), so information in it may no longer be current.
CALGARY – Paramount Resources Ltd. says it expects its average sales volumes for the first half of 2023 will come in below its earlier guidance as it works to restore the last of the production that was put on hold due to the Alberta wildfires.
The company says average sales volumes for the first half 2023 are expected to be about 92,500 barrels of oil equivalent per day (boepd).
The figure is down from its previous guidance of between 96,000 to 101,000 boepd for the first half of this year.
Paramount says it is working to restore the last of the curtailed production and continues to assess the impact of the fires due to interruptions to maintenance and development work.
It says it has successfully restored all but about 2,500 boepd of the production that had been curtailed as a result of the wildfires.
Paramount was one of several energy companies that were forced to stop production temporarily in Alberta earlier this year due to wildfires.
This report by The Canadian Press was first published July 4, 2023.
Companies in this story: (TSX:POU)